MSA Safety (MSA) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of MSA Safety (NYSE:MSA) from a sell rating to a hold rating in a research note issued to investors on Friday morning.

According to Zacks, “MSA Safety Inc. is engaged in the development, manufacture and supply of safety products that protect people and facility infrastructures. The company’s core product lines include self-contained breathing apparatus, fixed gas and flame detection systems, handheld gas detection instruments, industrial and fire service head protection products and fall protection devices. It serves a broad range of industries, including the oil, gas and petrochemical industry, the fire service, construction, mining and general industry. MSA Safety Inc., formerly known as Mine Safety Appliances Company, is headquartered in Cranberry Township, Pennsylvania. “

MSA has been the topic of a number of other research reports. Stifel Nicolaus reissued a buy rating and issued a $115.00 price target on shares of MSA Safety in a research note on Wednesday, December 19th. ValuEngine raised shares of MSA Safety from a hold rating to a buy rating in a research note on Friday, December 21st. William Blair assumed coverage on shares of MSA Safety in a research note on Thursday. They issued a market perform rating and a $98.30 price target on the stock. Finally, Robert W. Baird cut shares of MSA Safety from an outperform rating to a neutral rating and dropped their price target for the company from $107.00 to $98.00 in a research note on Friday, December 21st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $100.83.

Shares of NYSE:MSA traded down $0.44 during trading on Friday, hitting $97.96. 158,123 shares of the stock traded hands, compared to its average volume of 190,150. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.19 and a quick ratio of 1.59. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 25.31 and a beta of 1.34. MSA Safety has a 52-week low of $71.47 and a 52-week high of $110.83.

MSA Safety (NYSE:MSA) last posted its earnings results on Wednesday, October 24th. The industrial products company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.11. MSA Safety had a net margin of 4.94% and a return on equity of 28.12%. The firm had revenue of $331.10 million during the quarter, compared to analyst estimates of $325.53 million. On average, sell-side analysts anticipate that MSA Safety will post 4.53 earnings per share for the current fiscal year.

In other MSA Safety news, insider William M. Lambert sold 9,863 shares of MSA Safety stock in a transaction on Monday, November 26th. The shares were sold at an average price of $106.49, for a total transaction of $1,050,310.87. Following the sale, the insider now owns 52,284 shares of the company’s stock, valued at approximately $5,567,723.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider William M. Lambert sold 10,137 shares of MSA Safety stock in a transaction on Wednesday, November 28th. The stock was sold at an average price of $105.97, for a total transaction of $1,074,217.89. Following the sale, the insider now directly owns 42,147 shares in the company, valued at approximately $4,466,317.59. The disclosure for this sale can be found here. Insiders sold a total of 35,226 shares of company stock worth $3,755,082 in the last three months. 9.90% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the business. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in MSA Safety in the 3rd quarter valued at about $115,000. Parametrica Management Ltd purchased a new stake in MSA Safety during the third quarter worth about $202,000. Tower Research Capital LLC TRC increased its stake in MSA Safety by 672.5% during the third quarter. Tower Research Capital LLC TRC now owns 1,939 shares of the industrial products company’s stock worth $206,000 after purchasing an additional 1,688 shares during the period. Emerald Advisers Inc. PA purchased a new stake in MSA Safety during the third quarter worth about $400,000. Finally, Ramsey Quantitative Systems purchased a new stake in MSA Safety during the third quarter worth about $410,000. 71.84% of the stock is currently owned by institutional investors.

MSA Safety Company Profile

MSA Safety Incorporated develops, manufactures, and supplies safety products that protect people and facility infrastructures in the oil, gas, petrochemical, fire service, construction, utilities, and mining industries worldwide. It operates through Americas and International segments. The company's core product offerings include permanently installed fixed gas and flame detection instruments, such as permanently installed gas detection monitoring systems, and flame detectors and open-path infrared gas detectors, as well as replacement components and related services to detect the presence or absence of various gases in the air.

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